The fintech hopes this will increase customer confidence and trust as it shows that sync. has passed the FCA’s due diligence assessment on all its procedures, including demonstrating compliance on fraud and anti-money-laundering policies.
sync. launched in August 2020, aiming to help customers budget, manage and track their money in one place, offering a unique user experience as a money management platform with tailored insights.
It does this by leveraging Open Banking, allowing users to connect all their debit and credit accounts, loans and mortgages alongside the sync. X card, powered by Mastercard.
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